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Showing 91 - 100 of 17089 results for "Billion"

Income support system cannot handle claims surge: CALI

VINNY VUCAGO  |  WEDNESDAY, 6 MAY 2026
... SuperFriend demonstrates around 8.5 million Australians accessed some form of income support in the past year, totalling $78.9 billion in payments. Over the past decade, the number of people relying on support has grown significantly, with two million ...

Alter Domus to acquire MSC Group

KARREN VERGARA  |  WEDNESDAY, 6 MAY 2026
... capital markets services to its administration offering in Australia and select APAC areas. The agreement covers about $32 billion in assets. The value of the deal was not disclosed. Alter Domus opened its Sydney office in 2015, providing alternatives ...

Magellan awards $5.3bn global equities mandate

ELIZA BAVIN  |  TUESDAY, 5 MAY 2026
... and Vinva Investment Management will be appointed as investment manager for the funds. The funds have approximately $5.3 billion in assets under management, as at April 30. Magellan will remain the responsibility entity for the funds and retain responsibility ...

Dexus and Boral partner in $10bn project

VINNY VUCAGO  |  TUESDAY, 5 MAY 2026
... Ross Du Vernet confirmed on the sidelines of the Macquarie conference today the expected end asset value will exceed $10 billion. The project will transform a 630-hectare site at Ravenhall, about 20 kilometres from the CBD, into what is likely to become ...

Pinnacle, National Pension Service of Korea up stake in Metrics

KARREN VERGARA  |  TUESDAY, 5 MAY 2026
... the agreement. Founded in 2011, Pinnacle first took a stake in Metrics in 2018. At the end of 2025, Metrics had $36.7 billion in funds under management. The National Pension Service of Korea (NPS), via a partnership with Townsend Holdings, will purchase ...

Rest calls on government to fix 'motherhood penalty'

VINNY VUCAGO  |  TUESDAY, 5 MAY 2026
... continuing to fall behind in retirement savings due to time out of the workforce and reduced earning capacity, the $100 billion super fund said. The fund is urging the federal government to consider introducing superannuation "carer credits", which are ...

Future Fund gains nearly $2bn in March quarter despite market volatility

MATTHEW WAI  |  TUESDAY, 5 MAY 2026
Future Fund has reported positive returns across all its portfolios, adding some $28.3 billion in 12 months. In the March quarter, Future Fund returned 0.6% to $269.1 billion, almost a $2 billion increase from the end of 2025. Other funds managed by ...

Unpaid super costs workers $24.4bn: SMC

VINNY VUCAGO  |  MONDAY, 4 MAY 2026
Australians missed out on $24.4 billion in unpaid superannuation in the past five years to 2023, reinforcing the need for Payday Super, the lobby group says. New analysis from Super Members Council (SMC) found one in four workers were underpaid super ...

Cbus members to see 46% increase in insurance fees

ELIZA BAVIN  |  MONDAY, 4 MAY 2026
... in a time of need, we will be there for them." Cbus said over the course of three years, it has paid out more than $1.1 billion, including 96% of TPD claims and 99% of death claims. "As access to other forms of support has tightened more members are ...

Navigator Global buys shares in 17 managers, enters partnership

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2026
... higher growth profile. Together the interests will form the NGI Stable Growth Portfolio which, as at March, had $20.8 billion in firm-level assets under management (AUM) and $2.5 billion of ownership-adjusted AUM. At the same time, Navigator has entered ...